Business, 06.05.2020 00:05 npellot123

Landmark Corp. buys $500,000 of Schroeter Company's 8%, 5-year bonds payable at par value on September 1. Interest payments are made semiannually. Landmark plans to hold the bonds for the 5-year life. When the bonds mature, the journal entry to record the proceeds will be:

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Landmark Corp. buys $500,000 of Schroeter Company's 8%, 5-year bonds payable at par value on Septemb...

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